Automotive LiDAR (Light Detection and Ranging) is an advance scanning surveying technology that maps vehicle surroundings at the speed of light. LiDAR is the latest development in the automotive industry; an advancement in the predecessors of object detection technology such as RADAR (Radio Detection and Ranging) and ultrasonic. LiDAR determines objects or nearby vehicles by emitting light pulses, which reflected off objects and vehicles and create high-resolution images that provide a more accurate image of the surroundings than cameras or radar alone. Automotive LiDAR is considered as a key technology for completely autonomous vehicles, as it is capable of delivering high-definition 3D projections of the surrounding. Major auto manufacturers are leveraging automotive LiDAR as a precise technology in the race to develop safe and self-driving autonomous vehicles owing to its speed, accuracy, and versatility. Most notably, latest advances in automotive LiDAR further differentiate between a person walking or riding a bike, and even at what speed and in which direction the person is moving

Most road fatalities occur due to driver error. Increase in awareness about safety among vehicle users and global regulatory bodies to safeguard both passenger and vehicle safety, by minimizing accidents, is a prime factor that is likely to boost the automotive LiDAR market. The European New Car Assessment Programme (Euro NCAP) is prompting a few prominent modifications in the vehicle safety system in order to ensure safety. Furthermore, rise in adoption of autonomous vehicles is also projected to incorporate more active advance safety components such automotive LiDAR. Rising emphasis by governments toward vehicles incorporated with advanced driver assistance systems (ADAS) in the last few years, owing to safety concerns, is also estimated to propel the global automotive LiDAR market during the forecast period. Lasers emitted from the automotive LiDAR provide accurate and high precision detection for real-time and long range detection. Automotive LiDAR continues to grow as decisive technology for self-driving and autonomous vehicles. Manufactures of automotive LiDAR are focusing on reduction of cost by cutting down the laser emitters; however, they are still quite expensive and is anticipated to restraint the automotive LiDAR market during the forecast period.

Bumper and grill location is one of the most potential segment of the automotive LiDAR market. Placing of automotive LiDAR, especially solid state LiDAR, on the bumper and grill reduces the cost, as compared to mechanical LiDAR on the roof. Furthermore, the external appearance of the vehicle is not hampered and the LiDAR provides better navigation. Hence, it is projected to witness a significant expansion by 2026.

The others segment, which includes navigations, is a prominent application segment of the automotive LiDAR market. Navigation is the major application of LiDAR, which can survey the surroundings even in significantly bad climatic conditions. Additionally, the automotive LiDAR also provides real-time obstacle detection. This is expected to increase, as it is superior to its alternative of radar and camera.

In terms of image projection, the 2D segment accounts for a major share of the market owing to the high rate of adoption and easy availability. Increase in advancements in technology and rising research activity have led to the development of the 3D image projection LiDAR, which is estimated to expand at a significant CAGR, in terms of volume, in the near future. 3D LiDAR provides three dimensional projection of the surroundings, thereby leading to improved automotive LiDAR technology.

In terms of sales channel, the OEMs segment holds a larger share of the automotive LiDAR market, as compared to the aftermarket segment, owing to the rising awareness about sophisticated components among auto manufacturers. The aftermarket segment is also anticipated to expand at a considerable growth rate during the forecast period owing to increased testing of autonomous and self-driving vehicles. This, in turn, is providing lucrative opportunities to prominent automotive LiDAR manufacturers.

The passenger vehicles segment held a prominent share of the market in 2017. The high market share held by the passenger vehicles segment is primarily attributed to the rising demand for passenger vehicles, globally. Higher rate of adoption of advance driver assistance systems such as adaptive cruise control and autonomous emergency braking system in passenger vehicles is expected to propel the automotive LiDAR market during the forecast period.

Solid state LiDAR is a highly attractive segment of the automotive LiDAR market. Low cost is a key factor driving the solid state LiDAR segment. In solid state LiDAR, an optical phased array is utilized as a transmitter that steers by shifting the phase of a laser pulse. Solid state LiDAR is a promising segment that is projected to boost the automotive LiDAR market.

The short range LiDAR segment held a larger share of the market, as compared to medium and long LiDAR segments. Initial offering of LiDAR for short range reduces the cost, which results in higher adoption rate. However, medium and long range segments are projected to expand at a significant growth rate owing to expansion in range provided by these segments. Furthermore, rising testing of autonomous vehicles by major OEMs and increase in range are boosting the medium and long range segments

The automotive LiDAR market has been classified into five prominent regions. Among them, Europe dominated the global market, accounting for more than 50% share in 2017. This was due to the increased awareness about safety and rise in number of fatalities, which has led to the high rate of adoption of advance safety technologies in the region, LiDAR being one of them. North America is expected to hold a prominent share of the global automotive LiDAR market. North America being home to major automotive LiDAR manufacturers is expected to remain a prime market for automotive LiDAR. Rise in testing of self-driving fleet in the U.S. by various auto manufacturers is boosting the automotive LiDAR market in the region. North America also witnessed a rise in export of LiDAR, and hence, it is expected to remain a prominent market for automotive LiDAR during the forecast period.

This report analyzes and forecasts the market for automotive LiDAR at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (Mn Units) from 2018 to 2026. The study includes drivers and restraints of the global automotive LiDAR market. It also covers the impact of these drivers and restraints on the demand for LiDAR during the forecast period. The report also highlights opportunities and future scope in the automotive LiDAR market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive LiDAR market. The Porter’s Five Forces model for the automotive LiDAR market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product is benchmarked based on their market size, growth rate, and general market share.

The study provides a decisive view of the global automotive LiDAR market by segmenting it in terms of location, application, vehicle type, image projection, type, range type, sales channel, and geography. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for LiDAR in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual segments in all major countries across all the region.

The study includes profiles of major companies operating in the global automotive LiDAR Market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, key executive bios, and manufacturing footprint.

The market for LiDAR is primarily driven by enhanced concentration by OEM and Tier 1 manufacturers towards development technologically advanced, precise and less costly LiDAR. Global Tier 1 suppliers are focused at development of LiDAR based automation and advanced driver assistance systems in order to enhance the vehicle automation level. The key indicator of the automotive LiDAR market is strategic merger and acquisitions occurring in the industry. Global key Tier 1 suppliers and vehicle OEMs are concentrated at merger, partnership, and acquisition with LiDAR pioneering companies such as LeddarTech, Teledyne Technologies Incorporated, Infineon technologies AG, Quanergy Systems Inc. and AEye Inc.

The report provides the estimated market size of LiDAR for 2017 and forecast for the next nine years. The global market size of LiDAR has been provided in terms of revenue and volume. Market numbers have been estimated based on location, application, vehicle type, image projection, type, range type, sales channel, and geographical segments of automotive LiDAR. Market size and forecast for each location, application, vehicle type, image projection, type, range type, and sales channel have been provided in terms of global and regional/country markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, Linked interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.